Reviewing Budgets, Financials and Reserve Studies

Course Benefits

This course is designed to provide underwriters and reviewers of condominium and co-op projects a detailed understanding of reserve studies and financial documents to determine compliance and financial stability. The participant will have a better understanding of Agency requirements, budgets, "red flags" and how to determine the impact the financial documents will have on a community.

Description

This training series will include an overview of reserve studies and how they are utilized to help analyze the financial stability of a condominium or cooperative development. Orest Tomaselli, CEO of National Condo Advisors and Strategic Inspections will be providing an overview of the reserve study report. Learn about replacement reserve study requirements, how reserve studies effect the 10% agency line item requirement and how reserve studies are now used in conjunction with newly constructed condominium development. This course also includes identifying the various financial documents of a condominium or co-op project, understanding the documents and analyzing cash flow as it relates to the overall health of a project. Don't miss this training!

Live Chat!

Participants will have the opportunity to submit questions via the "live chat" option. Join Orest Tomaselli, CEO and Tenita Kennedy, Senior Compliance Analyst as they outline agency budget and reserve compliance requirements, where to find key information and review policies within agency guidelines.

Participants will have the opportunity to submit questions via the “live chat” option. Registrants are encouraged to email their questions directly to the training team prior to the event to be answered during the presentation. training@nationalcondoadvisors.com

NCA's Training Team

Each training session is presented by industry experts that includes:

Tenita Kennedy, Senior Compliance Analyst

Mercedes Parker, Chief Lending Compliance Manager

Dan Cerulo, Chief Compliance Officer

Orest Tomaselli, President/CEO of National Condo Advisors and Strategic Inspections